CBRE has announced the sale of a portfolio of five retail assets in Singapore, comprising two HDB coffeeshops, one HDB shophouse, and two strata retail units. The sale, conducted through an Expression of Interest exercise, will close on 15 April 2026. These properties are strategically located in high-density areas such as Tanjong Pagar, Orchard, Jurong East, and Marine Parade, ensuring high footfall and commercial activity.
The portfolio includes two HDB coffeeshops and a shophouse, which are highly sought after due to their scarcity and potential for rental premiums. The remaining strata-titled retail units are situated in The Centrepoint and Parkway Parade, two of Singapore’s iconic shopping destinations. The guide price for the entire portfolio is approximately S$30.92m, with options for collective or individual acquisition.
Clemence Lee, Executive Director of Capital Markets at CBRE, highlighted the rarity of such assets, noting, “HDB coffeeshops remain one of Singapore’s most exclusive asset classes.” With only 402 privately-held HDB shophouses approved for coffeeshop use, this sale presents a unique investment opportunity. Lee anticipates strong interest from a diverse range of investors, including owner-occupiers, real estate funds, and high net worth individuals. The portfolio offers potential for individual sales as an exit strategy, appealing to investors seeking lower investment quantum.
